To bridge the gap between historically slow technology adoption and the need for innovation within the internal audit function, SAP has announced the general availability of the SAP Audit Management application powered by SAP HANA, a new solution dedicated to meeting the needs of internal audit teams.

SAP Audit Management streamlines the auditing process by providing a cost-effective alternative to spreadsheets and manual tools. Integrated into the SAP Fraud Management analytic application and the SAP Risk Management application, creating a synergistic relationship to fulfill overall management needs.

SAP Audit Management is designed to meet all the assurance requirements of a modern audit department by providing:

Mobility: With mobile audit capabilities, text, video and audio files can be captured and documented on mobile devices using drag and drop functionality.

Insight: With SAP HANA, revamped search capabilities unlock the knowledge of past audits and make this information available for planning and analyzing current engagements.

Collaboration: Integration with the SAP Jam social software platform helps ensure efficient collaboration between auditors and their greater business network, allowing more transparency as audits findings are tracked and monitored.

Usability: An intuitive, user-friendly interface designed to engage professional auditors allows for more efficient global monitoring and timely follow-up on findings.

Integration: Alignment with the SAP solutions for governance, risk, and compliance, including SAP Fraud Management, which places powerful fraud fighting reports and tools into the hands of internal auditors, and SAP Risk Management, which allows internal audit to prioritize based on risk assessments competed by the business.

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